Letter Agreement dated January 30, 2023 relating to the Fourth Amended and Restated Revolving Credit Note dated July 18, 2022 by and among Southwest Iowa Renewable Energy, LLC, Farm Credit Services of America, FLCA, Farm Credit Services of America, PCA and CoBank, ACB
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EX-10.1 2 brhc10047556_ex10-1.htm EXHIBIT 10.1
Exhibit 10.1
January 30, 2023
VIA E-MAIL
Southwest Iowa Renewable Energy, LLC
10868 189th Street
Council Bluffs, IA 51503
Attn: Michael D. Jerke
RE: Southwest Iowa Renewable Energy, LLC
Dear Mr. Jerke:
Reference is made to that certain Fourth Amended and Restated Revolving Credit Note dated as of July 18, 2022 by Southwest Iowa Renewable Energy, LLC (the “Company”) to the order of Farm Credit Services of America, PCA (the “Note”). Capitalized terms not defined herein shall have the meanings set forth in the Note.
The Note is hereby amended by amending the Revolving Credit Facility Expiration Date set forth therein from “February 1, 2023” to “April 1, 2023”.
Except as specifically set forth herein, the Note shall remain in full force and effect as originally executed. Except for the specific amendment set forth herein, nothing herein shall be deemed to be an amendment of any provision contained in the Note and all such other provisions contained in the Note are hereby confirmed and ratified in all respects and shall remain in full force and effect in accordance with their respective terms.
It is important you keep this letter with your original loan documentation.
Sincerely,
/s/ Brook Stromer
Brook Stromer
CoBank, ACB
Vice President
Agribusiness Banking Group
CONSENTED TO AND AGREED UPON BY: | ||
COMPANY: | ||
SOUTHWEST IOWA RENEWABLE ENERGY, LLC | ||
By: | /s/ Michael D. Jerke |
Name: | Michael D. Jerke | |
Title: | Chief Executive Officer |
LENDER: | ||
FARM CREDIT SERVICES OF AMERICA, PCA | ||
By: | /s/ Brian Frevert |
Name: | Brian Frevert | |
Title: | VP |
FARM CREDIT SERVICES OF AMERICA, FLCA | ||
By: | /s/ Brian Frevert |
Name: | Brian Frevert | |
Title: | VP |